CSRA Inc. (CSRA) Given Consensus Recommendation of “Hold” by Analysts

CSRA Inc. (NYSE:CSRA) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $36.33.

CSRA has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of CSRA from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Friday, September 8th. Royal Bank Of Canada restated a “buy” rating on shares of CSRA in a research report on Tuesday, August 15th. Cowen and Company restated a “market perform” rating and set a $35.00 price objective (up previously from $32.00) on shares of CSRA in a research report on Thursday, August 10th. BidaskClub downgraded shares of CSRA from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $35.00 price target on shares of CSRA in a research report on Thursday, October 5th.

In other CSRA news, EVP George Batsakis sold 28,392 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total value of $892,076.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC purchased a new stake in shares of CSRA in the third quarter worth $211,000. California Public Employees Retirement System increased its stake in shares of CSRA by 1.7% in the third quarter. California Public Employees Retirement System now owns 279,800 shares of the technology company’s stock worth $9,029,000 after purchasing an additional 4,800 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of CSRA in the third quarter worth $573,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of CSRA by 13.6% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 145,036 shares of the technology company’s stock worth $4,680,000 after purchasing an additional 17,367 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in shares of CSRA in the third quarter worth $234,000. 95.09% of the stock is owned by hedge funds and other institutional investors.

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Shares of CSRA (CSRA) traded down $0.33 during trading on Monday, reaching $27.62. 772,600 shares of the company were exchanged, compared to its average volume of 1,042,883. The company has a market capitalization of $4,523.60, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.42 and a beta of 1.91. CSRA has a 12 month low of $27.38 and a 12 month high of $33.67. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.68.

CSRA (NYSE:CSRA) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. CSRA had a net margin of 6.35% and a return on equity of 79.44%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company earned $0.56 EPS. equities research analysts predict that CSRA will post 1.94 earnings per share for the current fiscal year.

CSRA Company Profile

CSRA Inc is a provider of information technology services to the United States federal government. The Company operates through two segments: Defense and Intelligence, and Civil. The Defense and Intelligence segment provides services to the Department of Defense (DoD), National Security Agency, branches of the Armed Forces, and other DoD and Intelligence agencies.

Analyst Recommendations for CSRA (NYSE:CSRA)

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